1INCH/USDT Market Overview

Summary
• Price dropped from 0.153 to 0.1489, a 2.7% 24-hour decline.
• Turnover surged to $853,466, but volume and price diverged in the final 6 hours.
• Key support was tested at 0.1476–0.1480, with a potential bearish continuation expected.

1INCH/USDT traded from 0.1530 (open) to a low of 0.1476, with a high of 0.1552, closing at 0.1489 by 12:00 ET on 2025-11-04. Total 24-hour volume hit 5,472,242.8 and turnover reached $853,466, showing elevated activity. The price declined on increasing volume, but the final 6 hours saw weaker volume and a sharp pullback, suggesting bearish exhaustion or a possible short-term bounce.

Structure & Formations

Price tested key support at 0.1476–0.1480 and bounced weakly, but bearish momentum continued to dominate. A Bearish Engulfing pattern was observed at 0.1550 (02:00 ET), confirming a shift in sentiment. A Hammer candle at 0.146 (07:45 ET) suggested a potential short-term rebound, but the close below the mid-range of the pattern raised concerns.

Moving Averages

On the 15-minute chart, the 20-period MA is bearishly aligned, currently at 0.1493, and the 50-period MA at 0.1498. The 200-period daily MA sits at 0.1505, suggesting a medium-term bearish trend. Price closed below both 20/50 lines, reinforcing the downward bias.

MACD & RSI

The MACD crossed below the signal line mid-day, confirming bearish momentum. The RSI stands at 39, suggesting moderate bearish pressure but not yet in oversold territory. Divergences between price and RSI in the final 4 hours hint at a possible consolidation or bounce.

Bollinger Bands

Volatility expanded significantly during the afternoon, with price falling to the lower band at 0.146–0.147. This expansion indicates a potential reversal or consolidation. A retest of the upper band at 0.149–0.150 may occur if buyers emerge.

Volume & Turnover

Volume spiked to 341,470 at 07:30 ET and 512,230 at 11:30 ET, but the price failed to follow, indicating bearish strength. In the last 6 hours, however, both volume and turnover declined, signaling a possible short-term equilibrium. A divergence here suggests caution for further downside.

Fibonacci Retracements

The 61.8% Fibonacci level of the 0.1476–0.1552 move is at 0.1505, which has historically served as resistance. A close above this level would invalidate the bearish thesis. The 38.2% retracement at 0.1498 may also see activity if buyers re-enter.

Backtest Hypothesis

Given the identified Bearish Engulfing pattern at 0.1550 and the subsequent confirmation by price action, a backtest using this pattern could provide valuable insight into its predictive power for 1INCH/USDT. However, due to a technical limitation with the data provider, we cannot currently retrieve all such events since 2022. To proceed, you can either:

1. Export OHLC data from your data source (e.g., Binance or TradingView), detect Bearish Engulfing pattern dates locally, and provide the results for the backtest.
2. Share known Bearish Engulfing pattern dates for 1INCH/USDT since 2022, and I’ll use them to run the strategy.

This approach allows us to validate the pattern’s historical performance and refine the signal logic ahead of using it for live trading or alerts.